Illinois General Assembly - Bill Status for SB3393
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 Bill Status of SB3393  100th General Assembly


Short Description:  REAL ESTATE ACT-SPONSOR CARDS

Senate Sponsors
Sen. William E. Brady

Last Action
DateChamber Action
  1/9/2019SenateSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 454/1-10
225 ILCS 454/5-10
225 ILCS 454/5-15
225 ILCS 454/5-27
225 ILCS 454/5-28
225 ILCS 454/5-40
225 ILCS 454/5-50
225 ILCS 454/20-20


Synopsis As Introduced
Amends the Real Estate License Act of 2000. Removes provisions relating to sponsor cards issued by sponsoring brokers to managing brokers, brokers, or leasing agents. Adds provisions requiring a sponsoring broker to notify the Department of Financial and Professional Regulation within 24 hours of a sponsorship of a licensee in a manner provided by rule. When a licensee's employment with a sponsoring broker is terminated, requires the licensee and sponsoring broker to notify the Department of the termination within 24 hours in a manner provided by rule. Provides that the failure to provide that notification shall subject the sponsoring broker or licensee to discipline. Adds provisions regarding the Department's recognition of a sponsorship by a sponsoring broker. Makes conforming and other changes. Effective immediately.

Actions 
DateChamber Action
  2/16/2018SenateFiled with Secretary by Sen. Pamela J. Althoff
  2/16/2018SenateFirst Reading
  2/16/2018SenateReferred to Assignments
  2/27/2018SenateAssigned to Licensed Activities and Pensions
  4/13/2018SenateRule 3-9(a) / Re-referred to Assignments
  9/30/2018SenateChief Sponsor Changed to Sen. William E. Brady
  1/9/2019SenateSession Sine Die

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